Mefford Jeffrey S. - 31 Oct 2022 Form 4 Insider Report for Midland States Bancorp, Inc. (MSBI)

Role
President
Signature
/s/ Mefford Jeffrey S
Issuer symbol
MSBI
Transactions as of
31 Oct 2022
Net transactions value
-$36,126
Form type
4
Filing time
02 Nov 2022, 13:49:34 UTC
Previous filing
03 Oct 2022
Next filing
08 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSBI Common Stock Sale $44,983 -1,600 -5.7% $28.11 26,375 31 Oct 2022 Direct F1
transaction MSBI Common Stock Options Exercise $26,544 +1,600 +6.1% $16.59 27,975 31 Oct 2022 Direct
transaction MSBI Common Stock Tax liability $17,687 -629 -2.2% $28.12 27,346 01 Nov 2022 Direct
transaction MSBI Common Stock Award $0 +5,144 $0.000000 5,144 31 Oct 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MSBI Option (right to buy) Options Exercise $0 -1,600 -38% $0.000000 2,561 31 Oct 2022 Common Stock 1,600 $16.59 Direct F3
transaction MSBI Option (right to buy) Award $0 +29,133 $0.000000 29,133 31 Oct 2022 Common Stock 29,133 $28.43 Direct
holding MSBI Option (right to buy) 10,702 31 Oct 2022 Common Stock 10,702 $23.00 Direct F4
holding MSBI Option (right to buy) 7,885 31 Oct 2022 Common Stock 7,885 $21.00 Direct F5
holding MSBI Option (right to buy) 10,000 31 Oct 2022 Common Stock 10,000 $18.00 Direct F6
holding MSBI Option (right to buy) 5,341 31 Oct 2022 Common Stock 5,341 $28.59 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.98 - $28.30 inclusive. The reporting person undertakes to provide to Midland States Bancorp, Inc., any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the ranges set forth in this footnote.
F2 RSA with 4yr - 25% vesting schedule
F3 These options vest in four equal annual installments beginning one year after the 12/10/2013 date of grant.
F4 These options vest in four equal annual installments beginning one year after the 11/03/2015 date of grant.
F5 These options vest in four equal annual installments beginning one year after the 12/02/2014 date of grant.
F6 Options vested on 12/31/2017.
F7 These options vest in four equal annual installments beginning one year after the 11/16/2016 date of grant.